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to president obama's budget and take a look at this statistic. 86% of tax increases will fall on people making $200,000 a year or more in 2015. this according to the new study by the tax policy center. what to make of this? joining us is the senior political analyst for the washington examiner. michael, good to see you. i'm more interested in the fact that earners nearly every income level will bear some sort of tax increase in this which flies in the face behalf president obama promised years ago. >> when president obama was running for his first term, he said he wasn't going to raise taxes on ordinary people. that's actually been violated in a number of ways, including in the obama care law and early increase in the cigarette tax that tends to hit down scale people more often than it hits upscale people. but in the second term, he's putting in his budget these proposals to change, as i understand it, the c.p.i. that means that your bracket increases will go into effect earlier. people will be thrust into higher tax brackets and so-called buffett tax which amounts to a sort of revival of the
' projections. netflix shares are up almost $40 to just $214 a share. tax-free shopping on the internet could be over under a bill making its way through the senate. the bill require online retailers to collect state and local sales tax for purchases made over the internet. the sales taxes will be sent to the states were a shopper lev's. under crime law, states can only require stores to collect sales tax of the store has a physical presence in the state. as a result, many online sales tax are essentially tax-free even though you're supposed to declare those items on your state tax return and pay the sales tax. very few americans do. this a de senate noted 74 to 20 yesterday to take up the bill. with that level of support, the senate could pass the bill as early as this week. >> using voice to send text messages while driving is just as dangerous as testing with fingers. a new study by the texas transportation institute at texas a&m university came out today and it showed driver response time significantly delayed no matter which method was used. the study was the first to compare boys to tax
to buy more than 1,000 u.s. dollars worth of gold you have to provide your income tax number. india say major buyer of gold. it is discouraging unaccounted for money moving into gold. i think with regards to commodities, there's a lot of uncertainty about chinese economic growth. if you look at steel production, cement production, it's barely growing in china. residential construction starts last year were down 11%. so i think there's a fundamental issue with commodities. they probably moved lower. there are assets much more interesting than commodities. >> mark, if this is a situation where as you suspect this is someone got in trouble, what happens to prices from here. >> well, if we go back down again and we have a big increase in margin calls again and then money has to be raised in the equity markets to offset losses in gold, then you're going to go down somewhere under you're going to rely on the margin. and cme released yesterday. >> anybody who says that deflation is once again on the table may have nothing to do with that whatsoever. >> i think you're right. i think someone or
seems tax but that is new in california. what the u.s. government wants to do now that willake it so everyone has to pay internet sales tax. >> a one-two punch from mother outfr fld, tousang facing another headache >> covering santa rosa, berkeley, san jose, and all bay area, this is abc7 news. >> good morning, everyone, 5:14 and this is the view from mount sutro looking on e lightsf san anciosget re t night separae day with more on the weather. it will be warm one coming up in a few minutes. >> the days of tax-free online shopping could end. the not is plan on voting by today to give states the authority to collect sales tax on all internet purchases. amazon is urging customers to call lawmakers to shoot it down. local governments have been losing billions from online retailers not collecting sales taxes. california and eight other states are the exceptions. with state laws requiring online giants to collect taxes from internet purchases. >> amazon is upping customers to write the congressional representatives to oppose the bill. >> there are a lot of rattled nerves but no damage or
and that they are squeezed to higher payroll taxes. me? i come down squarely in the mechanical camp, because i have liquidated assets myself. i know the havoc that a margin clerk can wreak, because i have been there and been a part of it and perhaps because i am a recipient of a tough margin call and because i know how the raise capital on the fly, and how hedge funds gone wild exacerbated the 2008 and 2009 sell-off with endless liquidations, and i have seen the pattern before and it is similar to all of the other times and it does not mean that it should be longer, but or when the margin clerks are done, but it should sold, because you have little basis of facts. what should you do? first, if you find out no mystery and world wide weakness, take the sell-off from face value and find out who benefits? the answer is companies like general mills, boxes filled with grains that are declining in price. and general mills benefits from the commodities decline all of the way around. so if you believe that there is a worldwide slip for commodities to decline, then gis. and this is the exaggerating the short
it and forget it >> welcome back to the kron 4 morning news. the story i'm falling out of washington. tax-free shopping on the internet could be over under a bill making its way through the senate. the bill would require online retailer to collect data local taxes for purchases made over the internet. the sales taxes would be sent to the state where the shopper lives. >> under current law, states can only record store to collect sales taxes if the store has a physical presence in the state. as a result, many on-line cells essentially tax-free. even though you are supposed to declare those items on your state tax returns and pay the sales tax. very few americans do. the senate voted 74 to 20 as today to take up the bill. with the level of support, the senate to pass the bill as early as this week. >> >> we will take a break is 511 back with more in a moment. when we come back we will the full text of forecast. here's a look at san jose. the ride on 101 looking okay. temperatures outsider pretty good. 54 in san jose looking for near a [ male announcer ] fact: the 100% electric nissan leaf..
apple could surprise wall street and begin a turn around. >> bill that could impose sale taxes on online purchases clear add hurdle. the senate votes 74-20 to take up the bill to give states the authority to require online retailers like amazon to collect state and local sales taxes. if support continues, the senate could pass the bill by this week. california and eight other states already have laws that require online retailers to collect taxes for internet purchases. >> netflix is coming back after house of cards. >> good morning, brace for delays if you are flying. the f.a.a. is expected to continue to keep planes on the ground in some of the busiest airports as budget cut result in a shortage of air traffic controllers. the transportation department says they are thinking of preventing enforcement of rules. >> are you hooked on netflix? they say they signed up two million news customers last quarter with the new scary series beating records. >> and xbox maker will have a new app that lets gameers purchase physical goods like anything on the pizza hut menu using the gaming console. t
of the sequester, right? the republicans don't want to raise taxes. they want to raise the debt ceiling but as part of that conversation was about raising taxes. they want smaller government which means unsafe government. let's replace amtrak with my son on a skateboard. >> why not. >> it is unstable. he's high when he's using it and it turns over when you don't want it to. >> john: rick perry wants to talk to you right now. it is true. we're looking at a difference between big government and good government. do people really take government for granted because the guys in government keep their jobs by demonizing their jobs. when it comes to something like this -- >> it will bite them in the tail. all of the guys who voted against the raise the debt ceiling and affected the air traffic right now, they gotta go home to family who is affected by this. they're going to say what did you do? did you do this? they're going to learn the lesson. >> take a plane to get home. >> you're right harrison. something we're blaming on obama as well. they raised the debt ceiling multiple times for reagan, multiple t
! eyes in just one week with olay. see wow! eyes in just one week welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com children can learn from anyone. that's true, but it takes exceptional talent to capture a student's curiosity. and inspire them to pursue their dreams. so be a teacher. our nation's future depends upon it... the more you know. >>> good monday morning, everyone. coming up on "early today," authorities believe the boston bombers had enough firepower and explosives to strike again. the captured bombing suspect is responding to questions from investigators. and formal charges expected to be filed today. >>> at least three dead as floods overwhelm sections of the midwest wh
are on track to receive tax incentives. ,, [ female announcer ] this is a special message from at&t. [ male announcer ] 's no secret that the price of things ju keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on for two whole years. from at&t. call now for a new low price. u-verse triple play bundles start at $79 a month. get the same great price for two years. [ female announcer ] plus now get two times the internet speed than before. [ male announcer ] you get reliable high-speed internet on our advanced digital network. choose from several high-speed options. [ female announcer ] and with u-verse tv, you can record four shows at once on your total home dvr and play them back in any room. [ male announcer ] so call now. u-verse triple play bundles start at $79 a month. now get the same great price for two years. [ female announcer ] switch today and get a $150 promotion card, plus a total home dvr included for life. [ male announcer ] it's a triple-play bundle that's hard to beat -- same gr
or form. the supreme court said that if you do an internet transaction he did not have to collect taxes. for local government is a decision that will hopefully pool and $23 billion in state local taxes. there's pros and cons. i will still shop online, because i hate people. bipartisan support and the white house said if you pass it, we will approve it. it's more so the matter of when and not if. ming out wir quarterly earnings. >> they don't have a lot of competition. the department of justice have approved mergers that she wouldn't have thought would be passed. the roots are going to be more and more eliminated. they're charging full price and they're not discounting to come peak with one another. if you're an investor, i'm starting to look at them. >> was talk about five to nine plan. i agree with it for college or not. >> i would prefer that parents save for their own retirement first, but if you're wealthy and give max goes outhave maxed those out. 'a great way of saying--saving money passed deferred. i liked it but i prefer that to save it for yourself. 529 plans are really for the
sales tax would require retailers with sales of more than a million dollars to tax its shoppers. that could generate up to $23 billion a year in revenue. bay area-based ebay does not support the bill. its ceo emailed millions of users asking them to fight it. the u.s. senate began debating the bill yesterday. >>> 5:20. coming up the as did something they haven't done in almost a year. >> plus, buster posey led a giants comeback and an unlikely source finished it. >> first as we count down to opening day here's a look at the new bay bridge. we'll be right back. ,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. >>> taking a check now, fine across the golden gate bridge, no metering lights, delays through the livermore valley and through dublin-pleasanton. we'll have a check of more traffic and weather together every 10 minutes here o
and their office is now empty. three former employees were arraigned for income tax fraud and money non-- money laundering. >> they are a group people that come to the united states after a military duty in israel and do this type of business and it is not isolated to our county, it is something that happens across the united states. >> this case is scheduled to go to trial in june and as for the five who skipped town the d.a. will issue a warrant for their arrest. >> the postal service has dealt a blow to berkeley neighbors fighting to keep a historic post office open saying they have oh kid the sale of the berkeley post office building. city leaders say the 99-year-old building has historic significance and should be preserved and the post office said they will open a new post office as close to the country site as possible part of the effort by the post office to generate revenue. opponents have 15 days to appeal. >> the warriors face the nuggets in denver tonight in game two in the playoff sears. they almost pulled out a win saturday night but miller was able to make the game-winning basket
up to $300,000 in annual tax revenue. neighbors in the area expressed concern about how more air traffic and noise levels would harm them but the mayor insisted that signature and the other jet companies will adhere to the curfew in place from 11:30 p.m. to 6:00 a.m. we talked to an airport official about the howl and how they will -- how they will benefit and how the airport needs the money. we'll bring that to you coming up in the next hour of "mornings on 2." janine de la vega, ktvu channel 2 news. >>> coming up next -- the senate prepares to take action on the issue over gun control. how the votes are stacking up for extended background checks. and what california dianne feinstein said on the senate floor years ago. >>> this year's host of the oscars. he's now at the center of a controversy tied to the boston marathon bombings. >>> 30s, 40s and 50s on the low. it's clear for everybody. windy for some. highs today warming up. a lot of 70s, low to mid. temperatures will continue to warm up. >>> we're getting word of delays at sfo. the airport says flights to and from o'hare int
bit of news the irs saying that boston taxpayers need time to finish their tax returns without worry because the irs figures it will provide individual tax filing and payment extensions st that they will announce the details tomorrow. more news coming up after the break. medications? i don't know. last immunization shots? really? honey, what's my blood pressure medicine called? one time i took something and i blew up like a puffer fish. i'm probably allergic to that. at kaiser permanente, your medical information is available to you and your doctors. quickly. securely. no guesswork required. better information. better care. kaiserpermanente. thrive. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on for two whole years. from at&t. call now for a new low price. u-verse triple play bundles start at $79 a month. get the same great price for two years. [ female announcer ] plus now get two times the internet speed than before.
's patriots day and tax day. i don't know. just all sorts of things running around in my head with regards to being an american and new new englander that i think it's just a terrible, terrible thing. >>reporter: passengers say before take off the pilot offered anyone who was too shaken up to travel to get off the plane if they wanted. people arisk from chicago say they have learned about the bombings in mid flight from the pilot then ordered to stay in the seat fanned they had to good to the before the room they had to ask. >> had you to press and they would literally come to you. it's like in school. one at a time. we were in coach so we couldn't go up to firsts class and vice versa. >>reporter: as restrictive as it may have been the pilot did tell us passengers that standard operating procedure during times of uncertainty. live at sfo, abc 7 news. >> thank you. >> among the images from the boston bombings resonating across the nation is one of a runner knocked to the ground. take a being loochlt you can see the power of the blast push bill to the ground. 78-year-old from washington
daughter. >> i am hard broken. she was a wonderful paperson. ever wonder anew our loved her. you cannot tax for a better daughter. i cannot believe that this has happened. this does not make any sense. >> several boston area public safety unions are offering a 50 declined thousand dollar reward leading to the arrest and conviction of those responsible for the attack. >> are arrests have been made in the murder of a bay area paramedic who was driving in oakland hills area. five arrests, all boys ages 16 or younger. kron4 will tran is live with the story. >> the police department made up or arrest the same day that he was laid to rest. here is a picture of the paramedic. he was not working at the time and he was in the process of taking his father to the hospital when a car pulled up and fired several shots. here is video of the sting from april 2nd. he lost control of his car and crested down a ravine. they run able to find the suspects at the time and we do know that the first arrest was made on monday and it talked to the suspect and he gave up an affirmation of the were able to make the o
,000 in fines, cannot have outstanding taxes or felony convictions and won't receive federal benefits until they apply for permanent resident status after ten years. the homeland security director says the plan will make the country safer. >> enabling dhs to further focus its resources on criminals, human smugglers and traffickers and national security threats. >> the plan has $17 billion for security and border agents. >>> coming up, sam brock looks at the changes to the border security like we were saying as well as the immigration reform proposal. that's all coming up tonight at 6:00. >>> okay. what happened in boston earlier this week has many of us thinking about how we would respond to tragedy. a 7-year-old san jose girl might have something to teach us all about that. >> she lost her mother to cancer earlier this year, but ever since then she has not stopped trying to make something good out of something so bad. garvin thomas is here with tonight's bay area proud. >> reporter: on the morning of january 25th, the day after her mother, robin, died of breast cancer, she brought a jar in
had a job to do. >> total devastation that was taxes attorney general that compared it to a war zone pam now back to yale >> pam: today marks the anniversary of the 1906 earthquake. the seven-point-eight magnitude earthquake struck at 5:12 in the morning 107 years ago. reporter will tran with more on the anniversary today. >> here is video that we shot of the bomb squad after someone called bin after noticing a suspicious package. also thinking about what happened and boston. that's when they discovered this black bag that was dropped off with this from this person wearing dark clothes. officers were going on around looking for the suspect, they were unable to find a suspect. we will remove the ceremony to a different location. we will sweep this area due to this dignitaries attending. the ceremony went out and went off without a hitch they would not be deterred. whatever was in the back was not explosive they left the area about 530 this morning after they thought everything was ok. but what i had and last are reached at that location. will tran kron foreman's >> wayne on the south
are following breaking news in the kron4 news. a major explosion at waco taxes at a plant. a massive plume of grace smoke. there is said to be multiple injuries and multiple homes and a middle school are on fire right now. firefighters battling at least 110 structure fires--tenn.. we will have much more on kron 4 news at 8. now has matt situation in several fires. i'm gabe slate, kron4 news. >> take a very close look; i'll leave the video up for a bit. if you notice there are two people and man and a woman both have syringes in their hands as for what is in the two syringes, well i'm not an expert all i know is that what i'm showing you they are under this bridge in the town of el sobrante just off san pablo man road what brought me here was this porta potty, one of the only one's i have seen with a notice that it's under 24 hour survalliance this pota potty is located right behind the el sobrante library located on appian way nestled right next to san pablo creek a watershed the portable toilet was placed there because people were going down to the creek and using it as a public restroom
that the 2010 spill cost the state a variety of tax revenues. the state also seeks punitive damages. (chaos) >> thousands of people in denver, colorado yesterday seen scattering after gunshots rang out during a 4-20 celebration. this is the first time the state has hosted such an event since it legalized marijuana. a man and women were shot but are expected to survive. the man's dog was also shot. police are now looking for suspects. witnesses describe the scene as a jovial quickly turned to panic once the shots rang out. >> the federal defense of marriage act is being challenged by a lesbian couple in los angeles. one member of the couple is from the philippines, and she's facing deportation. she can't obtain residency because the u-s government doesn't recognize her marriage. the judge says current law violates the woman's rights. so he's allowing a class- action lawsuit. it's one of several challenges being brought against federal marriage laws. >> coming up social media planning a major role. you kids should count yourselves lucky. we didn't have u-verse back in my day. you couldn't jus
the four stations last year after a $75 per year parcel tax failed to pass the november ballot. >>> yesterday should have been a holiday here in the bay area. today not too far behind, right, weather-wise? >> not the banner beach day that we had yesterday but i think around the rest of the bay area the weather is going to be spectacular again. just a little bit cooler outside. fog' coastline. the winds are kicking up in spots. look at our mount vaca cam shaking in the winds this morning. we have seen gusts over 20 and 30 miles per hour inland add there is a wind advisory in some of the valleys, as well. here it is. into the delta the carquinez strait wind advisory until 2 p.m. could see some of those gusts as high as 40 miles per hour. but it is still going to be a beautiful day in most spots. the temperatures where we get those winds have warmed up even 65 degrees now in san francisco. 66 in vallejo. and 66 already in santa rosa. by the afternoon, we are back up tothe mid-80s in spots inland. 70s and 80s around the bay and 60s with patchy fog at the coastline. more on your we
. >> another developing story we are following this morning comes out of taxes or they're saying it is not clear how many people are trapped in the rubble after a fertilizer plant exploded late last night killing as many as 15 people and injuring 160 others. these are some of the latest aerial pictures that came in this morning, giving us our first glimpse of the bay light of some of the damage and destruction. it was a massive explosion. it started as a fire, the fertilizer plant fire got out of control. firefighters responded and attempted to put out that fire when the plant exploded. he saw the dramatic footage of the news group that was going there to do this to the scene to do a story on the fire. they captured the entire bank the blaze. the firefighters as though searching for survivors this morning. the mayor says some of the early responding firefighters that are right next to the building battling the blaze are still unaccounted for this morning. here is one witnesses said the explosion was so powerful, he was born across the room. >> i was exit pick up and thrown about
morning. >> getting the latest on the taxes fertilizer plant explosion. >> the blast destroyed dozens of homes and apartment buildings. a school, a nursing home as well were damaged severely in some instances. search and rescue teams have been sifting the rubble ever since the plant exploded. at least 35 people are confirmed dead including 10 first responders. >> take a listen. with a heavy heart i can confirm 12 individuals have been recovered from the fertilizer plant explosion. the deceased had been taken to the dallas forensic center for proper identification. to date there have been approximately 200 reported injuries. 150 buildings have been cleared. 50 homes have been destroyed. 25 homes still yet to be cleared. >> authorities say there is no indication that the blast was anything other than the industrial accident sparked by fire. the company in charge of the plan has been cited for apparently minor safety violations of the past decade. clearly an investigation into the recent incident will be ongoing. a picture of the fbi in boston of the one to suspect. secretary of state jo
. >> investigators and taxes have not determined a cause of the explosion that killed 14 people including 10 first responders and a fertilizer plant in west texas. investigators say they pinpointed where the blast originated. the mpeg damaged or destroyed dozens of homes and businesses leaving hundreds of people homeless and in need of help. authorities have also released 91 tapes that captured the initial panic after the fire and massive blast. >> there was some type of explosion and our house, all of the windows are completely blocked and. the walls, part of it is blown off. >>, down and take a deep breath. we are aware of the situation and we are sending people out there as soon as we can. >> city leaders allowed some residents to return to their homes are the weekend but they still face strict curfews. fire officials will hold a memorial service at baylor university on thursday and honor of the volunteer firefighters who died. >> the boy scouts of america are proposing to partially lift its longtime ban on homosexuals. this proposal comes after weeks of private deliberation between the organiz
a little easier. for law enforcement the work is not done. >> this senseless tax and the families deserve an answer. the wounded have to learn how to stand, walk, live and deserve answers. >> reporter: just information coming and from an official the federal prosecutors are at hospital right now. working on possible charges and the camping gear since last night. and it is important to note that we remember the victim's and word that stance at this moment. 50 victims are still lead area hospitals. and they are still in critical victim's. reporting live in boston, tory done last name -- dunnin.. >> and after a gun battle. the suspect, joe- kar tsarnaev, was captured by police. tsarnaev is now in serious condition at the hospital. dramatic video has been released of the shootout between police and the it was recorded by a neighbor who, like so many in the boston area yesterday, were ordered to stay in their homes. nearly 50 shots fired in the exchange. all while the suspect was holed up in a boat. after running from police early friday morning. >> president obama took a moment to acknowledg
, disability as a designated tax and i should know the number, 1.8% half on the employee, half on the employer. this is predicted decades ago and we're pretty much on course and what we've done in the past is we've borrowed between the disability and the old age trust fund. you can do that. we did that back in '82 when the old age fund was literally out of money for a period of time. that's not a longer term solution. i mean, we're going to have to figure out do you want more revenue, but again, i'm all for cracking down on fraud, i don't know anyone who isn't, but you don't want to have terminal cancer patients dying before he they get their disability. >> yes, sir, that's a given. dean baker, think very much. i'm sorry we're pressed for time and i've got to get the one update in for you about the bombing in boston. there were two and only two devices found. no additional threats have been received. no unexploded devices were found. okay. now this. the amount of u.s. debt owned by foreigners is at a record level and the chinese own the biggest chunk. liz macdonald, charles payne, they're here
Search Results 0 to 27 of about 28 (some duplicates have been removed)

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